Stantec (TSE:STN) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$138.42 and traded as low as C$119.42. Stantec shares last traded at C$122.41, with a volume of 327,429 shares.

Analysts Set New Price Targets

A number of analysts recently commented on the company. National Bank Financial upped their price objective on Stantec from C$161.00 to C$163.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Desjardins raised their target price on Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Royal Bank Of Canada boosted their price target on Stantec from C$168.00 to C$175.00 in a research note on Friday, February 27th. Stifel Nicolaus reduced their price target on shares of Stantec from C$172.00 to C$154.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Scotiabank lowered their price objective on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$161.90.

Stantec Stock Up 1.3%

The company has a debt-to-equity ratio of 96.66, a quick ratio of 1.46 and a current ratio of 1.23. The company’s 50-day moving average price is C$128.52 and its 200 day moving average price is C$138.42. The stock has a market capitalization of C$13.96 billion, a P/E ratio of 29.15, a P/E/G ratio of 1.46 and a beta of 0.71.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Wednesday, February 25th. The company reported C$0.82 earnings per share for the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%. The company had revenue of C$2.12 billion during the quarter.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.